Sapper - Thanks for connecting the dots. I am pretty dense when it comes to this stuff, but continue to learn. I just like to sail.
My house is at the low end of the market for this area and does not fluctuate very much. It came up in value to a not unreasonable price and will hold it for awhile. I am selling now and plan to sit on the equity for awhile to see what happens around here. Although i do not see a crash here as some predict. It may happen in the surrounding cities that are not so attractive to outside money, but SF is just too desirable. My cousin has lived here since 1971 and has never seen prices go down. Always a slow and steady increase. I could, however, see it stalling for a while. The panic that I do see has been created by the Real Estate agents and Mortgage brokers to stir up business and keep the money flowing. Right now, they are the ones that are in trouble, their jobs are at stake.